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James MurrayThe above article mentions and seems to support the Asian Tigers' use of Strategic QE and the link to the New Economics Foundation article sees it promote the formation of a Monetary Allocation Committee to decide which sectors to focus on to spend the new Public Money.This pointed investment was in...

6 hours ago

James MurrayYes, well thanks Chris.I must tell you that, to my untrained eye, your above post suffers from a lack of clear relevance to the PM situation.And I read your linked article and again at the end was no wiser .You lost me when you asked why central banks involve themselves in credit creation if they ca...

7 hours ago

Lucian AerisThe bottom line is we need to take the power to create money away from commercial banks. Everything stems from this, and this is what PM was set up to achieve....

5 days ago
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Vince RichardsonHere is yet another way the banks punish those least able to afford it.https://www.theguardian.com......

2 days ago

Hugh BarnardThat's 'meet' not 'meat', though they may use it to put meat on the table....

2 weeks ago
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medialAxisI guess it won't be 1st world economies that take a lead in challenging the banks (too much vested interest IMO or too much entanglement of banks with govts), which is interesting in itself (could leave the 1st world lagging behind). Not sure how S Korea's economy is classified but they're looking a...

5 hours ago

Laughing_GnomeVery good point Medial Axis. The cashless aspect had gone out of my mind. I had forgotten the hunt is on for cash and that negative interest rates are one of the likely drivers. Also getting potential visibility of all taxable activity. The reach-in and grab could also happen, but I suspect they wou...

2 days ago

medialAxisLooks like quite a few central banks are jumping on the "block chain" or at least looking to providing a Central Bank Digital Currency (CBDC) and accounts to retail customers. Some down sides might be loss of privacy, tax taken on the fly (up to you to claim it back if it's wrong) and negative inter...

2 days ago
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Eloïse SentitoGreat Zak, and thanks for the stimulating discussion last week. More anon I hope....

Yesterday

medialAxisYou can get hold of bitcoin by mining, buying from someone who's already got some or sell stuff, including your labour, for some[1]. Unlike our fiat money, no one has to go into debt for you to own bitcoin. Well, miners have to invest in hardware and electricity before they can earn (mine) bitcoin b...

2 weeks ago

SimonHow do more people get access to Bitcoin if it is getting more difficult to mine ? How can it become more widely used ? Conventional money has the advantage of being retired from the economy as debts are repaid to the bank, although the long term trend is usually an increase in the money supply and ...

2 weeks ago
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